Canada Agribusiness Report Q4 2010

Canada´s pork sector continues to struggle, with production having shrunk to its lowest levels since 2000/01. This has largely resulted from an industry goal of cutting production by 18% by 2014, with the government paying farmers to cease raising hogs. Exports have particularly suffered in the wake of the rising Canadian dollar and recent restrictions on pork imports into the US. Consequently, many pig farmers have gone out of business.
Monday 18 October 2010 (7 years 8 months 7 days ago)
Canada´s pork sector continues to struggle, with production having shrunk to its lowest levels since 2000/01. This has largely resulted from an industry goal of cutting production by 18% by 2014, with the government paying farmers to cease raising hogs. Exports have particularly suffered in the wake of the rising Canadian dollar and recent restrictions on pork imports into the US. Consequently, many pig farmers have gone out of business.

Out to 2013/14, we see output decreasing by 5% to 1.85mn tonnes. This will result from government culling programmes and decreased exports, which will continue to suffer in the wake of stricter US labelling laws.

http://www.companiesandmarkets.com/Market-Report/canada-agribusiness-report-q4-2010-351210.asp?prk=bb38e62a834776cc3c2648c2299aae0b

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